Press Release – Moa Group
News release Friday 2 November, 2012 Public Pool Closed Early Due to Strong Demand for Moa Shares Significant oversubscription closes the public pool early for those who did not pre-register Moa Group Limited today announced that in light of significant …
Friday 2 November, 2012
Public Pool Closed Early Due to Strong Demand for Moa Shares
Significant oversubscription closes the public pool early for those who did not pre-register
Moa Group Limited today announced that in light of significant oversubscription in applications made via the public pool, it will close the general public pool for those that did not pre-register at 5pm today, 2 November 2012. Those who pre-registered on the ownabrewery.co.nz website can still make an application up until 5pm on 8 November 2012.
The IPO comprised a raising of $15 million, by way of firm allocation to institutional investors and clients of NZX Firms, plus an additional amount of up to $1 million by way of a public pool.
As a result of public pool applications substantially exceeding available shares under the $1 million public pool, considerable scaling will need to be applied. Priority will be given to those applicants who pre-registered for the offer.
Unfortunately, those who have applied under the public pool and did not pre-register are unlikely to receive an allocation of stock in the IPO and will be refunded in full following settlement of the offer. The Moa team looks forward to the future support of these investors upon listing.
Moa CEO Geoff Ross says, “We are delighted with the support for the offer – from brokers, institutions and the broader public. Unfortunately we simply can’t satisfy all applications, but do hope these people will join post listing and continue to enjoy the Moa range of beers.”
The closing date for applications under the Broker Firm offer and to those who pre-registered remains at 5pm, 8 November 2012.
Listing and quotation is scheduled to occur on the NZX on 13 November 2012.
1 Application has been made to NZX Limited for permission to quote Moa’s shares on the NZX Main Board and all the requirements of NZX Limited that can be complied with on or before the date of this advertisement have been complied with. However, NZX Limited accepts no responsibility for any statement in this announcement. NZX Limited is a registered exchange, and the NZX Main Board is a registered market, under the Securities Markets Act 1988.